Ambac Financial price target raised to $15 from $10 at Truist

Truist raised the firm’s price target on Ambac Financial (AMBC) to $15 from $10 and keeps a Buy rating on the shares. The firm is updating its model after the company’s Q3 earnings beat and its higher assumed organic growth and the ArmadaCare deal, the analyst tells investors in a research note. There should be further upside as Ambac establishes a sustained record of elevated growth, the firm added.